Masco Corp (NYSE:MAS)‘s stock had its “buy” rating reaffirmed by research analysts at Instinet in a research report issued on Friday, April 14th.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Masco Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Nomura began coverage on shares of Masco Corp in a research report on Wednesday, April 12th. They set a “buy” rating and a $39.00 price objective on the stock. Longbow Research upgraded shares of Masco Corp from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, April 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Masco Corp in a report on Friday, March 17th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $36.00 target price (down previously from $37.00) on shares of Masco Corp in a report on Thursday, February 16th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Masco Corp presently has a consensus rating of “Buy” and an average target price of $39.76.
Masco Corp (NYSE:MAS) traded down 0.30% on Friday, reaching $36.91. The company’s stock had a trading volume of 1,586,893 shares. The firm’s 50 day moving average is $35.34 and its 200-day moving average is $33.34. The firm has a market cap of $11.67 billion, a P/E ratio of 23.36 and a beta of 1.51. Masco Corp has a 12 month low of $29.11 and a 12 month high of $37.58.
Masco Corp (NYSE:MAS) last posted its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Masco Corp will post $1.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Monday, April 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. Masco Corp’s dividend payout ratio is presently 27.21%.
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In other Masco Corp news, Director Richard A. Manoogian sold 61,340 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $36.99, for a total value of $2,268,966.60. Following the completion of the transaction, the director now directly owns 716,885 shares in the company, valued at $26,517,576.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher K. Kastner sold 5,463 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $33.80, for a total transaction of $184,649.40. Following the completion of the transaction, the vice president now owns 35,524 shares of the company’s stock, valued at $1,200,711.20. The disclosure for this sale can be found here. Insiders sold 109,133 shares of company stock valued at $4,012,215 over the last quarter. Company insiders own 1.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its position in Masco Corp by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Masco Corp during the first quarter worth $103,000. Itau Unibanco Holding S.A. bought a new position in Masco Corp during the third quarter valued at approximately $164,000. Edmond DE Rothschild Holding S.A. increased its position in Masco Corp by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock valued at $174,000 after buying an additional 106 shares during the period. Finally, Global X Management Co. LLC increased its position in Masco Corp by 92.8% in the third quarter. Global X Management Co. LLC now owns 5,138 shares of the construction company’s stock valued at $176,000 after buying an additional 2,473 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.
About Masco Corp
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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